WEST LINN, ORE. — An unnamed buyer has acquired the 10-unit West Linn Plexes apartments for $1.9 million. The community is located at 4355 Riverview Ave. in West Linn. Each duplex consists of three-bedroom and 1.5 bath townhomes that span 1,350 square feet over three floors. Teresa Robles-Trakul of Marcus & Millichap partnered with the Rhoades-Corso Group to secure the buyer. The group also represented the seller, a limited liability company.
CAMP HILL, PA. — Cushman & Wakefield has brokered a 68,846-square-foot office lease in the Harrisburg suburb of Camp Hill. St. Louis-based Centene Management Co., a healthcare services provider, is the new tenant at at 300 Corporate Center Dr. in the Camp Hill Corporate Center. Jason Sourbeer and Scott Bazoian led the Cushman & Wakefield teams in the transaction. Cushman & Wakefield represented both the tenant and landlord, LNR Partners, a division of Starwood Property Trust.
AGAWAM, MASS. — Colliers International has negotiated the $6.4 million sale of an industrial property in Agawam. MAG Acquisition Corp. has purchased 101 HP Almgren Dr., a 186,000-square-foot property that is 100 percent leased. Nicholas Morizio and Ian Hunt of Colliers’ Hartford, Conn., office represented the buyer in the transaction.
FORNEY, TEXAS — Greystone Real Estate Advisors has brokered the $12.5 million sale of Three Forks of Forney, a Class A seniors community in the eastern Dallas suburb of Forney. Located at 335 South FM 548 approximately 20 miles east of downtown Dallas, the 46,959-square-foot property features 60 units and 72 beds. Cody Tremper and Mike Garbers of Greystone represented the seller, Healthcap Partners, a Dallas-based private equity firm, in the transaction. Georgia-based Cornerstone Senior Living purchased the property.
BEAUMONT, TEXAS — Marcus & Millichap has closed the sale of a 9,014-square-foot retail property located at 5468 College St. near Interstate 10 in Beaumont. The single-tenant building, which was built in 2007, is leased exclusively to Dollar General. Geoff Ficke and Chris Adams of Marcus & Millichap represented the seller, a private investor, in the transaction. Other terms of the sale were not disclosed
BETHESDA, MD. — Goodstone LLC, a Washington, D.C.-based real estate investment firm, has purchased a vacant 217,732-square-foot office building at 6116 Executive Blvd. in Bethesda for $9.5 million. Special servicer LNR sold the asset at auction via Ten X Commercial on behalf of WBCMT 2005-C21 Office 6116. Formerly the home of the National Institutes of Health’s National Cancer Institute, the building sold for $81.4 million in 2005. In the coming year the building will be renovated and updated to include a fitness center, conference facility, vending café and visitor lounge and upper floor tenant terrace with outdoor seating. Work is expected to conclude and occupancy to be available in April, 2018.
ATLANTA — Columbia Property Trust has completed more than 92,000 square feet of leases since November 2016 at One Glenlake Parkway, a 351,000-square-foot office building in Atlanta’s Central Perimeter submarket. Five new tenants are moving in with leases ranging from 3,000 square feet to more than 66,000 square feet, bringing One Glenlake’s occupancy to 94 percent. The Atlanta-based REIT recently wrapped up a $3 million modernization of the office building, which is situated off Ga. 400 near the new Mercedes-Benz USA offices. Built in 2003, the 14-story property now features new communal spaces, outdoor seating, an updated lobby, fitness center, conference facility and Salt + Block, a new café managed by Sterling Spoon. The design team included architects Indigo Collective and Gensler.
CHICAGO — Investcorp has acquired an industrial portfolio in Chicago and Boston for $160 million. The portfolio spans six properties and 1.8 million square feet of warehouse and distribution space. The Chicago portfolio, located in close proximity to downtown Chicago, is comprised of three individual cold storage industrial buildings that are used primarily for the storage and distribution of frozen food products. Investcorp partnered with Bridge Development Partners on the transaction.
INDIANAPOLIS — HomeUnion has negotiated the sale of a 38-unit multifamily property in Indianapolis for $1.8 million. The 43,054-square-foot building is located near Broad Ripple, a cultural district within Indianapolis. The property consists of all two-bedroom units. HomeUnion represented the undisclosed buyer in the transaction.
NOVI, ROYAL OAK, STERLING HEIGHTS AND ALLEN PARK, MICH. — Keystone Commercial Real Estate has negotiated four leases for Dental One Partners in Michigan. Dental One is locating to visible street-front locations in Novi, Royal Oak, Sterling Heights and Allen Park. The dental chain, based in Dallas, operates over 160 practices in 13 states and plans to continue to expand throughout Michigan. Greg Newman of Keystone arranged the leases on behalf of Dental One.